How much percent above the cost price should a dealer mark his goods so after allowing a discount of 15percent on marked price he gains 10 percent
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Step-by-step explanation:
Assume your cost to buy something, X, is $100.
You want to sell the item at $110, after discounts, to realize a 10% profit: $100 * 1.1 = $110.
Y = the list price.
$110 = Y * (1 - 0.15) = Y * 0.85. Y = $129.4.
Round up that answer to $130. List your item for $130. Discount it by 15% to approximately $110. $130 is 30% greater than the cost of $100.
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